HODL is associated with a buy-and-hold strategy, which can have advantages in the cryptocurrency market. It reduces the impact of short-term price volatility and eliminates the need for constant trading decisions. This approach is less stressful and can lead to long-term gains, especially for investors who believe in the fundamental value of a particular cryptocurrency.

Majority of Bitcoin Holders Sell a Larger Portion During a Bull Market:

Increased Selling Pressure: When a significant number of Bitcoin holders decide to sell a larger portion of their holdings, it results in increased selling pressure on the market. This can lead to a temporary surge in supply, potentially driving down the price.

Price Correction: The increased selling activity can trigger a price correction or even a short-term bearish trend if the market becomes oversaturated with sell orders. This might lead to a decrease in Bitcoin's price.

Profit-Taking: Many investors sell during a bull market to realize profits. They might reinvest their gains in other assets or simply take their profits off the table. This behavior can create market fluctuations.

Only a Few Choose to Sell a Little Portion During a Bull Market:

Limited Selling Pressure: When only a small portion of Bitcoin holders decide to sell during a bull market, there is less selling pressure on the market. This means that the price may not experience significant downward pressure due to selling activity.

Price Continuation: With limited selling pressure, the upward momentum in the market is likely to continue. Prices may continue to rise or remain relatively stable if demand remains strong.

FOMO (Fear of Missing Out): When a significant number of holders decide to HODL during a bull market, it can create a sense of FOMO among investors who fear missing out on potential gains. This can further drive demand and price increases.